The long-awaited Sovereign (SOV) national cryptocurrency of the Marshall Islands is still far from the markets, weighed down by disapproving signals from the IMF. In September, the IMF issued a report on the country containing a discouraging statement about the fate of the SOV digital currency.
But the SOV is beset by other delays, creating doubts about the success of the project. In March, the SOV was announced as potentially becoming legal tender in the small Pacific nation, thereby encouraging crypto adoption. However, the launch of the crypto coin is taking a lot of preliminary work.
The SOV has no active price setting and is not listed on exchanges. Data from September shows a price of
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